Member Info for SmartyP1

Hi DD,

I believe many of the big players, the original WCP would sell out for the right deal, that includes Daehann, the original Kaz investors, Koreans, AMs etc. share buy backs are on the cards but I sincerely hope that they get the sp motoring in the interim.

They’re getting involved with big boys when they do deals with ENI/KMG and the barge could give them access to other projects and players that could be eventual enquirers.

H2 is going to be the start of a very lucrative period for all invested here, it’s flippin long overdue. There could be a retrace of 803 isn’t successful but that will be short lived as they drill on to original target and other asset news nears. They have to deliver positive results obviously but this is now starting to look likely 🤞🙏

Magic Mike’s on a mission. Thank you for that Mike and maybe you should start doing some consultancy, maybe some PR for our Clive ;).

All factual, all in the public domain and important to highlight it. New investors, take the time to read their latest Investor Presentation and understand what’s going on although Mike has captured most if not all of it. Read the latest FY results, look at the plans for Q3/4, it’s a very busy schedule that could multi-bag the sp.

If 803 is commercial, it’s time for our Chairnan to get on that PR journey, it’s long overdue and it will attract investment. If they want bigger players in ie institutions. They’d need to buy out the long term WCP holders who know little about this investment like Daehann etc but I don’t believe they want that investment as the instis will hold their feet to the fire.

803 is the immediate well that if commercial will gap this sp up and there won’t be any gap filler needed as there’s loads of material news to follow in short order.

Nothing guaranteed, results dependant as always but there’s loads of it in H2 and many bags to be had if it goes our way :)

DD,

They can blame AIM and its investors for not building investment but as we all know, they are the ones who need a good look in the mirror. If they’d had delivered drilling success then they wouldn’t be here, FTSE250 and onwards but all down to them re lack of investment interest but it begs the bigger question, did they want it.

If they deliver success from the current drilling targets, especially B8, regardless of AIM investors, profit taking etc, the sp will move on as will m/cap. Share buy backs will help too so the future is in their hands. If they want to wipe us out, that’s easy but that’s not the game currently and hopefully never is and their final payday is via a trade sale to an acquirer :)

I leave that one to you CC :)

The MMs have been taking the ‘P’the last 2 days with 7-10% spreads ! currently 4.54-4.84p and stoping trade. Why would anyone want to throw away 7% on a trade, it’s a joke.

Wake up MMs, you don’t deserve the business. Tighten it up and you might get double the volume 👍

It is huge and if it comes off !!!!!! Loads of chances to multi-bag, just a little luck 🙏

Hi Mike,

I’m on the same page and we need a deep win to transform things here if we’re to get back to double figures and start having some long overdue profitable fun :) Many PIs still don’t believe they make it, the cynicism, scepticism is still in play and only results will change that and bring in the new blood needed to move this on.

To be fair, the company has steered us through some choppy waters as of late and it looks as if things are coming together. More assets, a more diverse business with some really profitable elements, especially the trading, just need more production to make it even more profitable and then they’ll do the same with commodities.

Any deep success is the company maker but the sp will appreciate even if it didn’t and they’d sell the acreage worst case, keep on acquiring and now that they’re financially stable, the story will continue.

If any deep comes in, the sp will fly, let’s hope H2 delivers what we all want.

Un,

Yep, good to see buying this am but there has been a seller in background as the price would’ve moved further. Mr 500k has suddenly appeared and I fully expected to see selling but it will be absorbed. Those trading the range risk getting caught out by 803 news and I’d love to see a positive statement this week, those selling obviously believe it’s not and maybe can buy back cheaper.

I’m hoping that the change in direction re 2 year deep appraisal licence v 25 year suggests that they believe they can prove up more reserves from the BNG/NY deeps. Does that mean 803 is commercial ? nobody knows but we will do soon enough. If it fails, we drill on :)

To add, if 803 dues flow they won’t drill on, they’ll produce from it as why risk ruining a discovery. They will drill to TD but a separate well or maybe a different design to target both structures, Spangke may have a view on that.

It’s a good question and they’ll have to drill appraisal wells to define the structure but they’ll still drill 803 to TD and hopefully find the right partner for 802.

The application for a 2 year extension to the BNG appraisal licence is really important. I was worried that they would go with the production licence application, finalise the reserves and then sell the BNG deeps. The additional 2 year application v production licence ? Is 803 the reason for that and likely to be a producer ?

Zak Mir talking it up so the word will get out.

Important I keep my prolific posting stats up so a quick copy of a post on ADVFN responding to the New Norm .

NN,

I agree that the company is now in transformation mode and about to go into cash generation mode, paying off all liabilities and hopefully building reserves as-well as the other elements of the business. Unfortunately history has dented credibility and hence poor sentiment and a lack of trust for some of the investor base. The previous poor comms, the announcements of flowing wells followed by problems at every deep asset, same for 141 & 142.

There is great news as you’ve highlighted -;

- 2 consecutive years of profitability

- CE is great news and hopefully ENI take up their option for 26 and a new contract with another entity in 25 or maybe a share in an offshore play ?

- The oil trading business and probably moving to commodities

- the rigs business

- growing the deep and shallow asset base

- the possible sale of BNG shallows at hopefully a fair price

There’s loads of positives and the market will get it but the biggest tick in the box would be an intermediate (803) or deep success that builds on the existing BNG reserves update and strengthens the NAV. That’s big news but even if it didn’t happen, they’re finding oil at most assets, the issue is conversion so partner or sell the BNG acreage for a tidy sum.

They’ve applied to extend the BNG deep licence for 2 years v go for a 25 year licence. Many have missed this and to me it’s another buying signal and they want to complete the appraisal process on NY and Airshagyl deeps. Hopefully 803 is the first win, then onto the original target on a separate well. Partner for 802 and then onto the completion of A7 and the remedial work at A6/7.

Also the windfall Divis, the share buy backs. The sp is going to go north and hopefully supported by improving fundamentals so we can stop the retraces and see continued sp growth .

This is an absolute raving buy down here and maybe our penny share pumpers, sorry tipsters a la Zak Mir and others will continue to spread the word, our new broker will issue a positive note, hopefully after a successful 803 :) and we start to see the return to fair value but as we know, this will go a lot further on the right news and the blue sky forecasts will start to filter through to the sp.

Tick, tock, boom .

Un,

I’m conference league compared to some ;)

Can’t believe it, actually I can but the prolific posters are all absent today…lol. Obviously a busy day on Twatter ;)

Cmon Clive, let’s be having the flowing 803 update, that’ll shake this up a little :)

Rhertig, that’s absolutely nuts ! How to disincentivise investors !

Awax, I hope I’m wrong re a small retrace but I believe that happens but there will be continued buying as bottom feeders get involved. New 803 zone was a surprise and shouldn’t affect trading as they’ll drillon to the original target but the market will knock it if it’s uncommercial and hey presto it’ll trade north again as bargain hunters pile in. The risk to this is a positive result on 893 and by god, most of us want to see that as it gaps up to 6/7p and those who are out or on the fence will be scrambling for stock, I will be helping it along ;)

Don’t know about chartists but this is trading as expected. Next move ? I believe more of a retrace back to early 4ps as any day trader money exits but it will go again on expectation of near term news from a very busy operational schedule.

As stated, if 803 was successful pre resumption of trading, you'd have seen a much higher rise but it would've been sold into as there has to be a 30 day flow test. Then it would go again when the test is well underway and other news like B8/815/W Shalva all moving forward.

Todays trading has allowed some to take profits, exit entirely and for some he opportunity to average down again ! Difference this time, traders could be caught out by that 803 positive update but obviously there's a chance of a failure so investors have the decision to make, wait or commit. If 803 is a success it gains up significantly but if it fails, we could see mid 3ps again which is silly but possible and then peeps will load up as 803 drills on to TD and the hype builds again. Only way to break the rinse and repeat cycle is to release the company making news and there's plenty of assets that can oblige in Q3 starting with 803.

Current market well bid at 700k max sell, 350k on the ask. Stupid spread at 4.57-4.88p, 4.72p mid but bid reduces to 4.315p at 300k. Will be interesting to see how this trades next few days but I'm hoping to see a few positive surprises .

Got to be in it to win it :)

And can only buy 25k at 3.98p

Un,

They’re not taking this Private, the London listing gives them protection from predatory forces and gives them the vehicle to dump all their assets in, hopefully lucrative ones a la CE, next the mining and the strategy continues.

This is going north on anticipation of positive results from a very busy and is a strong buy down here. We’ll see buying on trading resumption but will be stunted by the profit taking pre moving on again as peeps wait for imminent material results. Won’t be boring :)

Gives us a little more time to read the accounts.

Applying for 2 year extension on BNG deeps as opposed to the 25 year production licence. Gives them 2 more years to finish the appraisal process, 802, A7 and the remedial work on A5, A6.

We do need volume if we’re to get loads of new buyers in. If we don’t get it then it’s the same players swapping g shares. Some will trade out at a profit and look for the retrace, buy back in, average down etc but that keeps us in this range. If you can build your holding without spending cash then great but we need loads of new blood buying into the story that actually rinses out those who are selling. A5 discovery saw huge volumes when there were far less shares in issue, I believe trading days in excess of 60m and that created the 7 bagger, same again please ;)

We want the high volume and the investor churn. Needs to see high volume days but for that we need the right news and as a starter 803 helps that cause followed by B8 etc